The Nasdaq index sheds 86.76 points (-0.74%) as market bears take the reigns

A quick look at Friday: Nasdaq dropped 86.76 points early on and stayed at 11,631.

In the meantime, negative performances are also seen in other markets, CAC slides down 1.43% Friday and closed at 7,025.72. After ending Friday's session at 32,247, Dow Jones lost 384.57 points and is trading around 31,862. After ending Friday's session at 14,967, DAX lost 198.9 points and is trading around 14,768.

The index has been trending lower for about a month. The Nasdaq is up 14.73% from the significant low of 10,200 it hit 2 months ago.